US30 - ATH Reached, Key Levels for Bullish and Bearish Moves

Technical Analysis

The price recorded a new ATH at 44,930, as anticipated. Now, it appears to be starting a bearish trend, though it is possible to touch 45,020 before the trend turns bearish.

Bullish Scenario:
The price should stabilize above 44,930, confirmed by a 4-hour candle close above this level, in order to target 45,200.

Bearish Scenario:
As long as the price trades below 45,020, it will remain bearish, with potential targets at 44,530 and 44,410, especially if the price stabilizes below 44,790.


Key Levels:
Pivot Point: 44920
Resistance Levels: 45020, 45200, 45320
Support Levels: 44740, 44530, 44410
Supply and DemandSupport and ResistanceTrend AnalysisUS30

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